India
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India, Uzbekistan target $5 billion trade by 2030
Hindustan Times··31 Aug
India and Uzbekistan elevated ties to a Comprehensive Strategic Partnership on Sunday. They set a $5 billion annual trade target by 2030, up from over $1 billion now. The sides agreed to build a long-term uranium supply framework for India. MEA secretary Sibi George said talks were positive and an agreement was close. A foreign ministers' council will guide cooperation.
Prism
What It Means For You
- Exporters watching Central Asia now have a stated $5 billion bilateral trade target by 2030.
- Civil-nuclear fuel planners will track the uranium supply framework George said is close to signing.
- Defence industry teams may see new co-development and co-production pathways under the upgraded partnership.
What's Happening
- Prime Minister Narendra Modi and President Shavkat Mirziyoyev announced the partnership upgrade in Tashkent.
- Talks covered trade, DPI including UPI, critical minerals, defence, education, pharmaceuticals and agriculture.
- Both sides will promote direct linkages between defence industries for co-production of military hardware.
What Else Came Out Of Tashkent
- The upgrade marks the 15th anniversary of the existing strategic partnership.
- Modi said Uzbekistan is at the heart of India's Central Asia engagement.
- The Joint Commission Meeting level is being raised from secretary to ministerial, George said.
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